A closing agent may advance an amount not to exceed five hundred dollars ($500) from an escrow account on behalf of a party to an escrow transaction for the purpose of paying incidental fees, including conveyance and recording fees. Incidental fees may be paid in order to:

1. (1) effect and close the sale of;
2. (2) purchase;
3. (3) exchange;
4. (4) transfer;
5. (5) encumber; or

6. (6) lease;

   real property that is the subject of the escrow transaction.

As added by P.L.92-2009, SEC.1.